It all began last December when WBD agreed to sell its Warner Bros. studio and HBO Max streaming service to the streaming giant Netflix. Days later, Paramount Skydance lobbed in a hostile bid to buy all of WBD. Amid multiple twists and turns—and the CEOs of both bidding companies separately visiting President Trump to make their cases—WBD declared on Feb. 26 that it would agree to Paramount’s bid, which had gone through various permutations to make it more appealing. Netflix co-CEO Ted Sarandos declined to sweeten the offer, saying that for Netflix the deal had always been nice-to-have, not need-to-have.
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转型并非必然成功:平台面临的真实选择抽佣触顶之后,平台并非自动走向新的增长曲线。广告化、订阅制、工具化与金融化,更多是一组可选项,而非必然路径。是否能够完成转型,取决于平台自身所处的位置、能力边界以及与供给侧的关系基础。